EV Batteries – Chinese exports have surged for five consecutive months, with August showing an 8.7% increase year-on-year, surpassing the forecasted 6.5% 18-09-2024
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Crude Oil Prices Trend
The State of Chemical Recycling of Plastics
Chemical recycling of plastics, also known as advanced recycling, is an emerging technology aimed at addressing the global plastic waste crisis. Unlike mechanical recycling, which involves melting and reshaping plastics, chemical recycling breaks down plastic waste into its molecular components, allowing for the production of new plastics, fuels, or chemicals.
Currently, chemical recycling is in its early stages of development and commercialization. Companies and research institutions are exploring various methods, including pyrolysis (heating plastics in the absence of oxygen) and depolymerization (breaking plastics back into monomers). EV Batteries
Some major corporations are investing in these technologies, but large-scale adoption is limited due to technological and economic challenges.
Advantages:
- Broader range of plastics: Chemical recycling can process mixed and contaminated plastics, which are often unsuitable for mechanical recycling.
- Closed-loop potential: It enables the production of virgin-quality plastics, reducing the need for fossil-based raw materials.
- Waste reduction: It offers a solution for hard-to-recycle plastics like multilayer packaging. EV Batteries
Disadvantages:
- High cost and energy use: Chemical recycling is energy-intensive and expensive, making it less economically viable compared to mechanical recycling.
- Limited scalability: Most chemical recycling plants are still in pilot stages, and scaling up remains a significant hurdle.
- Environmental concerns: The process can produce harmful emissions if not managed properly, and some critics argue it may divert attention from reducing plastic use.
Despite these challenges, chemical recycling holds promise, but it will require technological advancements and regulatory support to become a mainstream solution. EV Batteries
Chinese exports have surged for five consecutive months, with August showing an 8.7% increase year-on-year, surpassing the forecasted 6.5%
This spike in exports, coupled with falling prices, is raising concerns in Europe and the US. Many Chinese goods have seen price drops, signaling that the domestic market is no longer absorbing the production surplus. This has led to a risk of “deflationary exports,” which could harm Western industries by flooding the market with cheap products.
The real estate crisis in China has exacerbated the situation, as demand for goods like furniture and appliances has dropped, leading to a decline in prices. EV Batteries
Exported goods, from clothing to electronics, have seen a significant price fall, with household appliances down 5% and steel prices dropping 9%. This oversupply has led to a 22% increase in steel exports, hurting global producers.
Rare earths, essential for technologies like electric vehicles, are also seeing price declines due to overproduction. Despite these drops, China remains a dominant player, controlling 67% of the market, compared to 98% in 2010. EV Batteries
As Europe and the US scramble to introduce trade barriers, the long-term effects of this export boom remain uncertain. Both regions may face increased pressure on local industries if Chinese exports continue to rise while domestic demand in China stagnates.
StoreDot, an Israeli company, has developed ultra-fast charging prismatic battery cells that can recharge from 10% to 80% in just 10 minutes without compromising performance or longevity
These cells offer a new alternative to the pouch-style cells (XFC, or Extreme Fast Charging), which StoreDot has been refining for years. The XFC cells provide around 100 miles (160 km) of range with just a 5-minute charge.
The switch to prismatic cells offers a key advantage: their structure provides better mechanical protection, making them more resistant to deformation during high-power charging. This improved reliability allows for even faster charging. EV Batteries
Amir Tirosh, head of StoreDot’s technical department, highlighted this transition as a major achievement, noting that they now offer both pouch and prismatic cells, catering to different manufacturer preferences.
Several automakers have already tested StoreDot’s pouch cells, with a Polestar 5 prototype achieving 80% charge in 10 minutes.
As StoreDot continues to enhance pouch cells, they are also preparing prismatic cell prototypes for third-party testing, with partners such as Volvo-Polestar, Mercedes, and VinFast already involved in the evaluation process. EV Batteries